Youths Form 3 VSLA Groups After Training
Young people have formed three Village Savings and Loan Association (VSLA) groups after a two-day training conducted by the NCCK under the Vijana2Thrive project.
The 56 young people drawn from Kitui County were trained on saving, accessing loans, managing group finances and strengthening small businesses.
They were introduced to the six stages of VSLA operations that include group formation, leadership, savings meetings, loan disbursement, repayment and sharing of accumulated funds.
For effective administration, the young people were equipped with skills to develop group constitutions, elect accountable leaders and establish financial management procedures.
At the end of the training conducted by Stephen Kiteme, three VSLA groups were formed, which are Rising Stars Kabati (21 members), Pamoja Twaweza Kabati (16 members), and Upendo Matinyani (19 members).
The training is part of the Vijana2Thrive project being implemented by the NCCK in partnership with Swahili Pot Hub, E4Impact and Mastercard Foundation.
